I'm on SSDI do I file taxes on $10,300.00 total income
Yes, the IRS can garnish Social Security Disability Insurance (SSDI) benefits to collect back taxes, but there are protections in place. Generally, up to 15% of your SSDI benefits can be withheld to satisfy tax debts. However, Supplemental Security Income (SSI) benefits are exempt from such garnishments. It's advisable to consult a tax professional for personalized guidance on your situation.
I don't know, you need to give more information. But some of the reasons can be:your total taxable income is below a certain limit, but you still might want to file if you qualify for certain creditsin some cases where you owe no tax you don't have to file, but you still might want to file to get a refund if one is owed youetc.Just because you don't have to file does not mean that you shouldn't. It depends on your situation.I am on SSDI and do not have to file, but I still file as I have a large investment loss carryover deduction that I might need if I have a temporary unexpected increase in income.
NO you do not have any choice about this INSURANCE program. FICA stands for "Federal Insurance Contributions Act." It's the tax withheld from your salary or self-employment income that funds the Social Security and Medicare programs. The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) all mean the same tax for social security benefits (SSB or SSDI). All mean the same thing.
Maybe. SSDI recipients do not receive any special exemption from the filing requirements. On your federal return, SSDI benefits are taxed using the same complicated formula as is used for Social Security retirement benefits. Whether you must file a return is determined by your total income from all sources, not just your benefits, and your filing status. To find out if you need to file a federal return, refer to Tables 1, 2, and 3 on pages 3, 4, and 5 of Publication 501: http://www.irs.gov/pub/irs-pdf/p501.pdf Treat SSDI benefits as if they were Social Security benefits. Your state may have different rules. Refer to the instructions that came with your state tax forms or the web site of your state tax department for details.
Yes
Yes, you may have to pay taxes on Social Security Disability Insurance (SSDI) backpay, depending on your total income for the year.
Yes, the IRS can garnish Social Security Disability Insurance (SSDI) benefits to collect back taxes, but there are protections in place. Generally, up to 15% of your SSDI benefits can be withheld to satisfy tax debts. However, Supplemental Security Income (SSI) benefits are exempt from such garnishments. It's advisable to consult a tax professional for personalized guidance on your situation.
Social Security Disability (SSDI) is used by people in all professions. SSDI is sometimes the only source of income for people with disabilities. The best way to determine the qualifications, is to visit a Social Security office.
SSA Online help reference;Some people who get Social Security disability benefits will have to pay taxes on their benefits. Less than one-third of our current beneficiaries pay taxes on their benefits.You will have to pay federal taxes on your benefits if you file a federal tax return as an "individual" and your total income is more than $25,000. If you file a joint return, you will have to pay taxes if you and your spouse have a total income that is more than $32,000.http://ssa-custhelp.ssa.gov/cgi-bin/ssa.cfg/php/enduser/std_adp.php?p_faqid=320&p_created=959575695&p_sid=kDx_YzZi&p_accessibility=0&p_redirect=&p_lva=&p_sp=cF9zcmNoPTEmcF9zb3J0X2J5PSZwX2dyaWRzb3J0PSZwX3Jvd19jbnQ9NDgsNDgmcF9wcm9kcz0mcF9jYXRzPSZwX3B2PSZwX2N2PTEuMTA1JnBfcGFnZT0x&p_li=&p_topview=1
Household bills are not tax deductible.
The Social Security benefits cannot be attached to pay the taxes. More information: http://answers.google.com/answers/threadview?id=92025
Social Security Retirement & Social Security Disability Insurance (SSDI) are. Supplemental Security Income (SSI) are not.
Social Security disability insurance (SSDI) is available to an ill/injured worker who hasn't been able to work for more than a year because of the illness/injury. Generally, if SSDI is your only source of income, they probably aren't taxable. The rules for the taxability of SSDI benefits are the same as those for regular Social Security benefits. A quick check is that it's taxable if your other taxable income plus half of SSDI total more than $25,000 for Single filing status ($32,000 for Married Filing Jointly). For more information, go to www.irs.gov/formspubs for Publication 915 (Social Security and Equivalent Railroad Retirement Benefits).
SSI is income based for the household and SSDI is disability income which is what you can apply for if your illness will end in death and is expected to last more than 12 months. You have to qualify for these. I would have to say no to both. Visit ssa.gov for more info
I am on SSDI and am not aware of any taxes imposed, in 27 years. At least I have never been, since in the ordinary course of things, someone in SSI lives below the "poverty line". Hope that works for you.
Yes, you can qualify for Medicaid at age 62 if you receive Social Security Disability Insurance (SSDI). While SSDI is not the same as Supplemental Security Income (SSI), many states offer Medicaid coverage to individuals who receive SSDI, especially if their income and resources are within certain limits. Eligibility can vary by state, so it's important to check local Medicaid guidelines.
Tey can't take all of your income but you will have to go to court and show what you need to live on.